11334 Stansberry Dr · Bayonet Point, FL 34668

$199,900

3 bd · 2.0 ba · 1,377 sqft · SingleFamily public records · 59 Days on market

Built 1980 7,671 sqft lot Est $244k · 18% under $192/mo HOA · 10% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +4.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome to Spanish Gates, a charming Mediterranean-inspired subdivision within the desirable Timber Oaks community. This 2-bedroom, 2-bathroom standalone home has been lovingly maintained by the same owners for more than 30 years and is ready for its next chapter. The thoughtfully designed split-bedroom floor plan offers privacy and comfort, while the fully enclosed Florida Room, enclosed garage, and screened lanai provide flexible spaces to relax, entertain, or pursue hobbies. The kitchen features solid wood cabinetry, solid surface countertops, and newer appliances. Situated on a spacious corner lot directly across from the Spanish Gates community p

Key facts

• Screened patio
• Solid wood cabinetry
• Enclosed garage

Tags

• FULLY ENCLOSED LANAI
• ENCLOSED GARAGE
• SCREENED PATIO
• SOLID WOOD CABINETRY
• SOLID SURFACE COUNTERTOPS
• NEWER APPLIANCES

Property features AI

Finance

• Other: Lease restrictions apply
• Financial info: Total annual fees: $2,304 (monthly total $192)
• HOA & community: Has HOA (monthly fee $137 plus additional monthly fee $55; fees include pool); Association approval required; Community amenities: clubhouse, fitness center, pool, sidewalks, tennis courts; Pets allowed (cats and dogs OK); Senior community

Exterior

• Parking: Driveway; Attached garage with garage door opener (1 garage space)
• Utilities: Public sewer; Water connected; Electricity connected; Cable available; Water source: None (per listing)
• Home design: Single family residence; One story; Faces west
• Construction: Block and stucco construction; Tile roof; Slab foundation; Built on less than 1/4 acre lot
• Exterior features: Private mailbox; Rain gutters; Sidewalks; Paved road access; Irrigation equipment

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Solid surface counters; Solid wood cabinets
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump; Central air
• Interior features: Ceiling fans; Living room/dining room combo; Solid surface counters; Solid wood cabinets; Split bedroom floorplan; Thermostat; Walk-in closet(s)
• Laundry & utility: Washer and dryer included; Laundry area in garage; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $71 ($855/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (7.0% below list).
• Recommended offer: $186k (7.0% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 5.3% in Bayonet Point — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#485 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities D+, commute F.
• Pasco (suburban): math 50% / reading 52% proficiency, ranked #32 of 73 in FL (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Gulf Highlands Elementary School (math 29% / reading 32%, grade F, #1,862 of 2,144 statewide, top 88%, 714 students, 89% FRL); Bayonet Point Middle School (math 38% / reading 35%, grade F, #405 of 571 statewide, top 72%, 737 students, 84% FRL); Fivay High School (math 20% / reading 28%, grade F, #529 of 667 statewide, top 80%, 1,610 students, 78% FRL) — zoned schools average 84% FRL vs 48% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 51% district-wide (-21 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.3%/yr); 582 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• At $1,859/mo this rent would consume 47% of the median local household income ($47k/yr) (locally 2699% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Pasco County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $65k; list at $200k implies a 208% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $185,899 (7.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.53%
• DSCR: 1.07
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $243,729
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11241 Yewtree Ave	0.29mi	3/2.0	1,306 (-5%)	2mo	$245,000	$188	76
11114 White Oak Ln	0.26mi	2/2.0 (-1)	1,426 (+4%)	2mo	$220,000	$154	76
11211 Rollingwood Dr	0.16mi	2/2.0 (-1)	1,465 (+6%)	2mo	$238,400	$163	75
11200 Tamarix Ave	0.22mi	2/2.0 (-1)	1,306 (-5%)	1mo	$187,000	$143	75
11019 Basquin Ct	0.35mi	3/2.0	1,445 (+5%)	2mo	$217,500	$151	74
11443 Nature Trl	0.49mi	3/2.0	1,414 (+3%)	0mo	$230,000	$163	72
11220 Glover Rd	0.32mi	2/2.0 (-1)	1,426 (+4%)	2mo	$215,000	$151	72
7538 Gulf Highlands Dr	0.51mi	3/2.0	1,310 (-5%)	0mo	$269,900	$206	68
7901 Bell Dr	0.41mi	2/2.0 (-1)	1,310 (-5%)	0mo	$240,000	$183	67
11201 Island Pine Dr	0.56mi	3/2.0	1,472 (+7%)	2mo	$260,000	$177	61
7522 Topay Ln	0.50mi	3/1.5	1,201 (-13%)	2mo	$215,000	$179	52
7325 Neva Ln	0.69mi	2/2.0 (-1)	1,286 (-7%)	2mo	$246,000	$191	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.28% rent growth · sell at horizon

5-year hold

• IRR: -15.8%
• Equity multiple: 0.45×
• Total profit: $-30,978
• Equity at exit: $29,806

10-year hold

• IRR: -10.7%
• Equity multiple: 0.40×
• Total profit: $-33,513
• Equity at exit: $17,284

Cash invested: $55,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34668

• Home prices YoY: -17.4%
• Rents YoY: 1.3%
• Active inventory: 582
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,859 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$74 /mo · $885/yr
• Insurance: −$83
• HOA: −$192
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $71

Break-even live

Break-even rent $1,769

Max offer price $199,900

Occupancy floor 91%

Sensitivity live

Price	-10% $184	-5% $128	+0% $71	+5% $15	+10% $-42
Rent	-10% $-76	-5% $-2	+0% $71	+5% $145	+10% $218
Rate	-1.0pp $172	-0.5pp $122	base $71	+0.5pp $19	+1.0pp $-33

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8161 Braddock Cir #1 Port Richey, FL	2.0	2.0	1000	$1,595	$1.59	19d	1	0.13mi
11138 Yellowwood Ln Unit NA Port Richey, FL	3.0	1.0	1000	$1,800	$1.80	26d	1	0.17mi
7730 Greybirch Ter Port Richey, FL	3.0	2.5	1773	$1,850	$1.04	25d	1	0.27mi
7804 Topay Ln Port Richey, FL	3.0	2.0	1125	$1,795	$1.60	1d	1	0.28mi
11241 Yewtree Ave Port Richey, FL	3.0	2.0	1306	$1,950	$1.49	25d	1	0.30mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	13d	1	0.30mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	26d	1	0.30mi
11610 Meadow Dr Port Richey, FL	2.0	2.0	1128	$1,570	$1.39	14d	1	0.31mi
11630 Paige Dr Port Richey, FL	3.0	1.0	1152	$1,680	$1.46	14d	1	0.33mi
7835 Arbordale Dr Port Richey, FL	3.0	2.0	1661	$1,850	$1.11	26d	1	0.35mi
7724 Tyson Dr Port Richey, FL	2.0	2.0	1200	$1,550	$1.29	1d	1	0.36mi
7715 Sue Ellen Dr Port Richey, FL	2.0	2.0	1080	$1,495	$1.38	5d	1	0.37mi
7804 Birchwood Dr Port Richey, FL	3.0	2.0	1512	$1,750	$1.16	26d	1	0.38mi
7705 Ilex Dr Port Richey, FL	3.0	2.0	1349	$2,000	$1.48	26d	1	0.41mi
8015 San Fernando Dr Port Richey, FL	3.0	2.0	1528	$2,400	$1.57	26d	1	0.43mi
7924 Halsey Dr Port Richey, FL	3.0	2.0	1272	$1,800	$1.42	23d	1	0.44mi
7924 Halsey Dr Port Richey, FL	3.0	2.0	1272	$1,800	$1.42	6d	1	0.44mi
7608 Sue Ellen Dr Port Richey, FL	3.0	2.0	1310	$2,400	$1.83	26d	1	0.46mi
7531 Greybirch Ter Port Richey, FL	3.0	2.0	1400	$2,000	$1.43	26d	1	0.47mi
7530 Judith Cres Port Richey, FL	2.0	2.0	1446	$2,200	$1.52	26d	1	0.48mi
7530 Judith Cres Port Richey, FL	2.0	2.0	1446	$1,695	$1.17	22d	1	0.48mi
7540 Venice Dr Port Richey, FL	3.0	2.0	1394	$1,775	$1.27	6d	1	0.48mi
7520 Hawthorn Dr Unit NA Port Richey, FL	2.0	2.0	1303	$1,900	$1.46	26d	1	0.49mi
7520 Hawthorn Dr Port Richey, FL	2.0	2.0	1303	$1,800	$1.38	25d	1	0.49mi
10816 Piccadilly Rd Port Richey, FL	3.0	2.0	1408	$1,550	$1.10	14d	1	0.52mi
7539 Gulf Highlands Dr Port Richey, FL	2.0	1.5	936	$1,550	$1.66	6d	1	0.53mi
8024 Las Cruces Ct Port Richey, FL	2.0	2.0	1371	$1,900	$1.39	26d	1	0.54mi
10801 Oldham Rd Port Richey, FL	2.0	2.0	1182	$1,500	$1.27	3d	1	0.58mi
10905 Kingsbridge Rd Port Richey, FL	3.0	2.0	1176	$1,566	$1.33	6d	1	0.58mi
12200 Hudson Ridge Dr Port Richey, FL	2.0–3.0	2.0	1107	$1,704	$1.54	4d	10	0.60mi
11902 Oceanside Dr Port Richey, FL	4.0	2.0	1200	$1,800	$1.50	4d	1	0.61mi
10802 Laburnum Dr Port Richey, FL	2.0	2.0	1002	$1,545	$1.54	26d	1	0.64mi
10632 Laburnum Dr Port Richey, FL	2.0	2.0	1193	$1,583	$1.33	26d	1	0.68mi
10629 Cymbid Dr Port Richey, FL	3.0	2.0	1400	$1,700	$1.21	26d	1	0.76mi
7808 Talisman Dr Port Richey, FL	3.0	2.0	1063	$2,100	$1.98	26d	1	0.77mi
12027 Hoosier Ct #203 Hudson, FL	2.0	2.0	1103	$1,550	$1.41	26d	1	0.78mi
10803 Hyssop St Port Richey, FL	3.0	1.0	1120	$1,500	$1.34	12d	1	0.80mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	19d	1	0.81mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	26d	1	0.81mi
7438 Coventry Dr Port Richey, FL	2.0	1.0	985	$1,600	$1.62	14d	1	0.82mi

HOA detail

• Monthly dues: $192 · $2,304/yr

Listing history 4 events

1. 2026-05-14
   status Pending
2. 2026-04-25
   price $199,900
3. 2026-03-15
   listed $210,000 Active
4. 1994-08-31
   soldstatus $64,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $885 · $74/mo
• Projected year-2 tax: $1,659 · $138/mo
• Expected delta: +$774/yr (+$65/mo · 87.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,308
• − Mortgage interest: −$11,198
• − Property taxes: −$885
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,785
• − Management: −$1,785
• − HOA: −$2,304
• − Depreciation: −$5,815
• Taxable loss: −$2,462
• Est. tax savings @ 24.0%: +$591
• After-tax cash flow: $1,446/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pasco
• NCES district ID: 1201530
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 52% ▼ -5.00%
• Median HH income: $45,039
• Composite: 43.14/100
• National rank: #3074
• State rank: #32 of 73 in FL

Livability — Bayonet Point

• Score: 69/100
• State rank: #485
• US rank: #8934

Category grades

Amenities D+ Commute F Cost of living A+ Crime D+ Employment F Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bayonet Point, FL
• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 49,442
• Household income: $47,401
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 2699.0

Population outlook (Pasco County) Hauer SSP2

• Today (2025): 570,045 people
• By 2030: 605,844 · +6.3%
• By 2040: 674,806 · +18.4%
• By 2050: 736,022 · +29.1%
• By 2075: 862,900 · +51.4%
• By 2100: 906,364 · +59.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 23% Two or more races 14% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Cuban 5% Dominican 1%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 1%

Political lean MEDSL · Pasco

• 2024 margin: Strong R (+25.2) · D 36.9% · R 62.1% · Other 1.0%
• 2008→2024 swing: -21.6pp toward R · 2008: -3.6pp · 2024: -25.2pp
• All cycles: 2024: R+25.2 2020: R+20.1 2016: R+21.6 2012: R+6.7 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.64%
• Current HPI: 359.7163
• Rent YoY: ▲ 1.28%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+208.0% since first listed

4 events — show timeline

• 2026-05-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 1994-08-31 Sold (Public Records) $64,900 Public Records

Property tax history

+3.2%/yr

Latest (2025): $885 · +1.6% YoY. Source: county tax records.